CG Power imbroglio: Gautam Thapar cites board approvals; rejects allegations of fund misuse amid governance lapses
Currently, Thapar owns just 8,574 shares in CG Power. Some of its large non-promoter shareholders are HDFC Mutual Fund and Aditya Birla Mutual Fund.
As part of its strategy to exit non-core businesses, L&T Finance is selling its wealth management arm to IIFL Group for around Rs 250 crore and the deal is set to be inked early next week, say three people aware of the development
Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging "illegal and market disruptive activities" to cause a steep plunge in the company's share price
Anil Ambani-led Reliance Group says illegal action by L&T, Edelweiss entities caused fall in market capitalisation
Anil Ambani-led Reliance Group on Friday accused L&T and Edelweiss entities of 'illegal' and 'motivated' actions in invoking the pledged shares and selling them in open market causing a steep fall in its share value
RBI MPC meet today: Central bank may change stance, inch towards rate cut in April as inflation eases
A softer stance would bode well for Prime Minister Narendra Modi’s government, which wants to boost lending and lift growth as it faces elections by May
Total asset base of the Indian mutual fund business crossed Rs 15 lakh crore last month, although the industry is highly scattered with 42 active players with most of them having small businesses.
Not many NBFCs are likely to convert into banks given the stringent guidelines and statutory norms, say analysts
Launched in August last year, Capital Assist helps sellers meet their working capital requirement as they scale their businesses on the Snapdeal marketplace platform.
his deal is part of Future Group's strategy to cut down its mounting debt and focus on the organised retail sector. Cash generated from the deal will go towards retiring debt.
Opponents of the new measures worry the reform, driven by the finance ministry, could backfire if risky loans from one branch of a company to another go bad and trigger a broader crisis.
L&T Finance today sold its entire 4.67 percent stake in private sector lender Federal Bank for about Rs 363 crore.
Shares in private sector lender Federal Bank fell 2.5 percent after L&T Finance Holdings sold 7.99 million shares in the bank at an average price of Rs 453.37.
L&T Finance identified microfinance as yet another opportunity and selected BR.net for its microfinance operations initiative.